Elliot Wave Theory For S&P 500 Weekly
Some subscribe to market cycles in terms of the Elliot Wave Theory where market progress in 5 stages (1-2-3-4-5) and correct in 3 stages (A-B-C) before returning to a new longer-term bullish trend.
Personally, I do not subscribe to their market cycle structure but is interesting to see it play out in price for the S&P 500 on a weekly basis back to COVID-19 lows in March 2020.
Personally, I do not subscribe to their market cycle structure but is interesting to see it play out in price for the S&P 500 on a weekly basis back to COVID-19 lows in March 2020.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.